Gold has dropped for a third day as worries about the fallout from a potential Greek exit of the euro zone pushed investors to pile into the US dollar. With little action announced from the EU Summit in Brussels yesterday, investor’s worries continue to escalate. This week the markets have had warning from the OECD, […]
Gold Continues To Tarnish Read More »
During the early Asian session, crude oil futures prices are trading above $90.45/bbl with a gain of more than 40 cents on the Globex electronic platform. This may be a slight pull back on expectation of China will accelerate efforts to spur growth after the manufacturing index fell below 49 in May. On the other
Crude Oil During The Asian Session Read More »
US markets displayed a notable move to the downside in morning trading on Wednesday due to continued worries about the financial situation in Europe, which came as European leaders held a closely watched summit in Brussels. However, stocks staged a significant recovery over the latter part of the trading day which was attributed to reports
Market Review May 24 2012 Read More »
On Tuesday, sterling traders initially didn’t really know which way to go. Sentiment on the single currency remained fragile, but the news flow from the UK was also not really supportive for sterling. The EUR/GBP cross rate hovered in a tight range roughly between 0.8100 and 0.8080, early in Europe. There was some volatility after
Is There Life For The GBP After The IMF? Read More »
The leaders of the 27 countries that make up the European Union are to meet in Brussels Wednesday to try and find a way to keep the debt crisis in Europe from spiralling out of control and promote jobs and growth. The original meeting was supposed to be informal, but with pressure building in the
The Unofficial EU Summit Takes Centre Stage Read More »
Concerns over Greece’s exit from the Euro Zone have come to the surface again and this has deteriorated risk appetite among investors. Although the Group of Eight (G8) leaders affirmed Greece’s status in the Euro Zone, former Greek Prime Minister Lucas Papademos id that the country is preparing to leave the 17-nation Euro Zone. Even
Market Review May 23 2012 Read More »
Singapore’s stock exchange approved Formula One’s plan to raise as much as USD3 bn in an initial public offering in the city-state. The people asked not to be identified because the information is private. Loh Wei Ling. Formula One’s IPO may be Singapore’s largest since February 2011, according to data compiled by Bloomberg, helping it
Your Morning Coffee And The Financial Markets Read More »
Gold witnessed a mixed movement in yesterday’s trade and eventually closed in the red. Prices on the Comex June contract slipped 0.2 percent to $1588/oz despite dollar weakness and increased risk appetite. Movement in gold on Monday shows that investors remain cautious over prospects of sharp increase in prices in the near-term. With prices closing
Gold And Crude Oil Review Read More »
In the last session all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended in green. Dow was up by 1.09% and closed at 12504; S&P 500 was gained by 1.60% at 1316. European indices ended mixed. FTSE was down by 0.64%, DAX was gained by 0.95% &
Market Review May 22 2012 Read More »
This week’s main US economic data release will be durable goods orders for April on May 24. The report will shed light on the extent of the auto rebound in the US — and whether it has sustained itself going into Q2. Economic activity surrounding cars was the saving grace for Q1 GDP, responsible for
Economic Data To Watch For The Week Read More »
